Skip to main content
Inland Revenue

Tax Policy

Bill commentary
Published 12 March 2024

Commentary to Amendment Paper No 20 to the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Bill

Amendment Paper No 20 contains proposals to:

  • Restore the ability to claim interest deductions for residential investment properties
  • Repeal the current ten and five-year bright-line tests and replace with a  two-year bright-line test
  • Remove the ability to depreciate commercial buildings
  • Improve the tax treatment of the disposal of trading stock at below market value
  • Introduce a new gaming duty
  • Introduce a transitional rule relating to platform economy rules

Amendment Paper No 20